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MIDAS SHOP
Midas Shops are automotive maintenance and service centers that sell and install parts including exhaust systems, brake components, suspension parts, tires, batteries, heating/cooling parts, and other vehicle components, while performing related services such as brake repairs, tire services, alignments, exhaust work, battery installation, and general/scheduled maintenance. The franchisor operates a business model of franchising these retail service centers primarily in the United States to independent operators, with limited co-branding options via SpeeDee for existing franchisees. The target market is vehicle owners seeking reliable, professional automotive repair and maintenance services.
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Franchise Costs
10% royalty + $5,000-$25,000/mo rent/taxes/insurance (if leased from Midas Realty or affiliates)
Financial Performance
Item 19 Financial Performance
Data Based On: Part A data on Gross Revenues is based on 941 franchised outlets operating from January 1, 2023, through December 31, 2024. Part B data on Income Statement Performance is based on 438 franchised outlets operating for the year 2024.
* average_gross_revenue is taken directly from the text on page 2 (overall average for Part A reporting shops). median_gross_revenue is derived from the median of the 3rd quartile's median gross revenues from the table on page 2, as it represents the central value for the 941 shops. revenue_top_quartile and revenue_bottom_quartile are the average gross revenues for the Top Quartile and 4th Quartile, respectively, from the table on page 2 (Part A). average_gross_profit and average_net_income are calculated as a percentage of the overall average Total Income for Part B reporting shops, as stated in the text on page 3. average_net_profit is set to the same value as average_net_income, as 'Net Income From Operations' is interpreted as net profit before taxes/interest based on footnote 1. best_guess_profit_low is the average Net Income From Operations for the 4th Quartile from the table on page 3 (Part B). best_guess_profit_high is the average Net Income From Operations for the Top Quartile from the table on page 3 (Part B).
Extracted Item 19 Section
Avg. Revenue: $1,234,102
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Unlock financial performance dataMIDAS SHOP Franchise Analysis
In the gritty world of automotive repair, few names carry the weight of Midas, a pioneer since franchising began in 1956. Item 19 lays bare revenue realities for its service centers focused on brakes, exhausts, tires, and maintenance, while a robust SBA loan track record hints at accessible financing. Yet with modest growth and a franchise landscape shifting toward EVs, does this classic brand still rev up real returns—or is it stuck in neutral?
Diving into the 2025 FDD, Midas Shops demand a $35,000 franchise fee atop royalties of 10%, plus hefty $5,000-$25,000 monthly rent, taxes, and insurance if leasing from affiliates like Midas Realty—Item 7 flags these as key ongoing costs that can squeeze margins in high-rent areas. Item 19 shines brightly, disclosing average gross revenues of $1,234,102 and medians at $993,414 across 941 locations, translating to estimated profits ranging wildly from $31,646 to $365,962 depending on volume and ops efficiency. For buyers eyeing business services, these figures suggest top performers thrive on repeat maintenance business, but laggards risk slim takeaways after fees.
System stability shows nuance: locations ticked up just 1% from 496 in 2023 to 499 in 2024, with only 7 projected new units amid 21 terminations, 15 non-renewals, and a hefty 83 transfers signaling owner churn. SBA data bolsters appeal—199 loans averaging $508,846 with a mere 4% default rate indicate banks' confidence and financing feasibility. Litigation centers on termination and royalty disputes with ex-franchisees, per disclosures, underscoring the need to probe adherence to ops standards in this mature network.
Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How MIDAS SHOP Compares
Key Insights
- Higher investment than 90% of Business Services franchises
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
MIDAS SHOP Current | N/A | $35K | 10.0% | 941 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $114K – $292K | $40K | 5.0% | 5,487 |
| AMERICAN POOLPLAYER'S ASSOCIATION INC | $15K – $23K | $10K | 20.0% | 3,562 |
| CRUISE PLANNERS | $2K – $21K | $11K | 1.5% | 3,124 |
| RE/MAX | $37K – $337K | $35K | 1.0% | 2,994 |
Business Services Average 211 franchises | $127K – $275K | $46K | 10.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 211 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+34 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for MIDAS SHOP franchisees (2010 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
199 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
1,915 franchisee contacts on file from official FDD filings.
1,915 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Primarily termination disputes and royalty non-payment with a former franchisee.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
MIDAS SHOP does disclose financial performance data (Item 19) in their 2025 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.
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